US: International trade deficit narrows to $104.3 billion in May

US' international trade deficit narrowed modestly in May.
US Dollar Index holds in positive territory above 104.00.

Eren Sengezer FXStreet

The data published by the US Census Bureau revealed on Tuesday that the United States' international trade deficit narrowed by $2.4 billion to $104.3 billion in May from $106.7 billion in April.

"Exports of goods for May were $176.6 billion, $2.0 billion more than April exports," the publication further read. "Imports of goods for May were $280.9 billion, $0.4 billion less than April imports."

Market reaction

The US Dollar Index continues to edge higher after this report and was last seen rising 0.3% on a daily basis at 104.25.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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